Prof Emanuele Bracco

Falling birth rates may have less to do with family incentives than with housing. Evidence from several countries shows that housing affordability, access to homeownership, and mortgage conditions play a major role in fertility decisions, suggesting that housing policy should be viewed as a key demographic policy.

Why AI will kill some occupations and leave others strangely intact — and why the difference has nothing to do with what a machine can do

Monetary policy should generally “look through” temporary energy-driven inflation shocks, as tightening can disproportionately harm vulnerable households. However, a stronger response is needed if such shocks spill over into core inflation or cause inflation expectations to become persistently de-anchored, requiring central banks to act to maintain price stability.